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1. (1 p) A firms production function is given by F(K,L)= K+ vKL. The per period price of a unit of labour services is w1 and
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In short run capital is taken fixed.

}f{k12) – JK + VEL 7 wal 8=2ti8 K=4 e P. 8 = f(kih) = JK + J ki 8 = $4 t 54L 1 Hing novel Q = 2+ 2JC9 L = Q- 212 Tc = 2 2 + 8 10 TC = W.Lt 8K To = 1/8-2)² + 264) Te = 19-232 + TC = 1, [8*74-48] + 8001|| TC= 82- $ + 1 + 8 -

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